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Revenue rises, profits set to shrink for Gateley
Professional services group Gateley said in an update on Tuesday that it expected robust revenue growth of 5. 7% for the financial year just ended, surpassing £172m, compared to £162. 7m in the prior year.
Renew Holdings reports another record trading performance
Engineering services group Renew Holdings reported another record trading performance in its half-year results on Tuesday, with revenue rising 17. 2% year-on-year to £552. 8m.
Lobby group CBI to cut more jobs
The Confederation of British Industry is to further reduce its workforce, it was reported on Tuesday, as it continues to recover from last year’s sexual misconduct scandal.
London midday: FTSE touch firmer after jobs data, Pill comments
London stocks were still just a touch firmer by midday on Tuesday as investors mulled the latest jobs data and comments from Bank of England chief economist Huw Pill.
US small business optimism improves, but owners remains downbeat
Optimism among small businesses in the US has increased for the first time this year, but still remains well below the long-term average as inflation continues to weigh on confidence.
CMA mulling over Pennon-SES deal
Watchdog the Competition and Markets Authority said on Tuesday that it may accept Pennon Group's solutions to address concerns regarding the water utility outfit's purchase of Sutton and East Surrey Water, potentially clearing a path for the deal to go through.
Europe midday: Shares flat as investors mull German survey data
European shares were flat on Tuesday as investors digested UK employment and German economic survey data, while on the corporate front shares in Delivery Hero surged by more than a fifth after it agreed to sell its Foodpanda delivery business in Taiwan for $950m to Uber.
Home Depot Q1 revenue beats forecasts, comparable sales miss
Home Depot reported a slight dip in first-quarter comparable sales on Tuesday, although its earnings per share of $3. 63 slightly surpassed analysts' expectations of $3. 60.
Marston's delivers 'strong' LFL sales growth in H1, sees busy summer ahead
Brewing company Marston's said on Tuesday that it had delivered "strong" like-for-like sales growth in H1, driving "good growth" in pub operating profits.
Amaroq Minerals makes strong progress in first quarter
South Greenland-focussed mine developer Amaroq Minerals reported decent operational progress in its first quarter on Tuesday, as it maintained a robust total liquidity position of $96. 31m in cash reserves, undrawn revolving credit facilities, and available funds.
Luceco revenue, profits rise in first quarter
Wiring accessories, electric vehicle chargers, LED lighting and portable power products specialist Luceco reported strong first-quarter revenue growth on Tuesday, rising 6. 2% year-on-year to £51m, or 4. 5% on a like-for-like basis.
Investor morale hits two-year high in Germany
German investor sentiment kicked higher in May, a closely-watched survey showed on Tuesday, reaching a two-year high.
Aptitude Software confident in full-year performance
Aptitude Software said in an update on Tuesday that it was confident in its performance for 2024, as ongoing organisational changes yielded positive progress, particularly in accelerating Fynapse readiness and delivery, supported by strategic partnerships.
Biden administration to hike tariffs on $18bn of Chinese goods
The Biden administration announced significant tariff increases on $18bn worth of Chinese imports overnight on Monday, targeting sectors such as electric vehicles (EVs), solar panels, steel, aluminium, and more.
Treatt strikes upbeat tone for full year
Extracts and ingredients specialist Treatt confirmed full-year guidance on Tuesday, after interim operating profits jumped.
BoE rate cut on the cards this summer, says Huw Pill
The Bank of England's chief economist has said it's "not unreasonable" to expect an interest-rate cut from the central bank this summer, as data showed that tightness in the UK labour market may be easing.
On the Beach warns of 'challenging' value trading, on track for 'record summer'
Online travel agency On the Beach warned that trading in the package holidays market had been "challenging" but still said it expects to deliver "a record summer" in terms of bookings.
Citi opens 'positive catalyst watch' on Inchcape
Citi opened a ‘positive catalyst watch’ on shares of Inchcape on Tuesday, as it said the car dealership "has a unique consolidation opportunity within the automotive distribution market".
Virgin Money delivers continued momentum in H1, Q2 trading seen broadly in line
Lender Virgin Money said on Tuesday that it has delivered "continued business momentum during H1", with trading in Q2 broadly as anticipated.
Greggs delivers decent growth but valuation remains full, says Shore Capital
Shore Capital has maintained a 'hold' rating on Greggs despite a strong start to the year from the bakery chain, saying that the shares look "up with events for now".